The Evaluation Of Material Misstatement Risk In Agricultural Listed Companies And Strategy Research

With the development of economy and the progress of science and technology,enterprise financial fraud in an unprecedented scale in the global spread, has increasinglybecome the hot issues affecting the development of world economy. Agriculture is thefoundation of the national economy, agricultural enterprises economic benefits of good or badhas a direct relationship to the whole national economic development of the global. Since2000, the agriculture industry has developed rapidly, the enterprise size and the numbercontinues to grow.Agriculture is a weak industry, however, belong to constitute investment cycle is long,the profit margin is lower, the overall performance of agricultural listed companies generallyagricultural market competition intensifying, the enterprise internal cost compressed space issmaller and smaller, more enterprises in the financial management in the process of "threehighs"(high inventories, accounts receivable is high, high asset-liability ratio) characteristicssignificantly, to avoid the market evolution, agricultural class at the financial fraud of listedcompanies, to become a mainstay of financial fraud and have intensified trend.In addition, the enterprise and commodity producers to deal in the form of cashsettlement, the original documents to fraud, capital expenditure and profitability expenditureis very difficult to distinguish. Debt problems generally with upstream and downstreamenterprises, accounts receivable is not back in time, accounts discrepancy of accountsdisagreeing with physical inventory, have happened repeatedly. Related product pricing andallocation to exact rule, the manufacturing process has the characteristics of periodic andchangeability, difficult to real-time control and monitoring, this brought difficulty for costcontrol, at the same time, it provides a space for corporate fraud.In this paper, by analyzing the characteristics of agricultural enterprises, analyzes thespecial industry risks. Through to the agricultural enterprise list and analysis of relevant data,find the reasons and put forward the scientific and feasible internal and externalcomprehensive preventive measures, submit to stakeholders and information users to focus onthe special risks of agricultural enterprises, for enterprise’s behavior and maintain datafluctuation sensitivity, consulting experts, when necessary for its gave support to decisionmaking for a more scientific and reasonable, is committed to promote the healthydevelopment of agricultural listed companies, maintain the normal order of capital market inChina.